Yahoo CEO Semel steps down, replaced by co-founder Yang

SAN FRANCISCO (MarketWatch) -- Embattled Yahoo Inc. Chief Executive Terry Semel is stepping down from the top job at the Internet portal giant, where he is being replaced by company co-founder Jerry Yang. See full story.

Market Snapshot: U.S. stocks end slightly lower as yields, oil rise

NEW YORK (MarketWatch) -- U.S. stocks closed slightly lower Monday, declining to extend a rally of late last week, after news that crude oil prices topped $69 a barrel distracted investors from a report that BHP Billiton is planning a bid for Alcoa Inc and other merger news. See full story.

Economic Report: Home builders' confidence falls to 16-year low

WASHINGTON (MarketWatch) -- The outlook for U.S. home building is the worst in 16 years, the National Association of Home Builders reported Monday. The builders' housing market index fell by two points to 28 in June, the lowest since February 1991. See full story.

Wendy's explores company sale, cuts forecasts

NEW YORK (MarketWatch) -- Struggling Wendy's International Inc. cut its earnings forecasts for the year Monday on sluggish sales and higher costs, and also said that a special committee of its board has decided to explore a possible sale. See full story.

David Callaway: Handicapping the chances for a summer rally

Life Savings: How to tell a cheap value stock from a 'value trap'

SAN FRANCISCO (MarketWatch) -- Most veteran value investors have a story about the stock they wished they had let get away. The shares looked attractive and the company's worst troubles seemed behind it. But instead of a quick fix, they got quicksand; the stock languished, a waste of money and time. See full story.

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